Quote:
Originally Posted by Guest
Perhaps you can splain to us lesser minds how lowering the rates on the wealthy, and increasing the tax burden on the middle class helps the economy, or more specifically, the middle class to which most of us belong.
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The top 20% of income earners pay >70% of the nation's tax bill. Lowering their rate is just plain FAIR!
The top 20% can do whatever they wish with their money, but I'd venture to say they'd use it to: expand their businesses, purchase more equipment, hire more employees, invest it in other companies so they could use the capital to expand, purchase real estate/second homes/vacation homes, SAVE, go on vacation(s), purchase toys (boats, cars, motorcycles, RV's, snow machines)...
The middle class continues to shrink and become wealthier...just a fact. The so-called "wealthy's" share of the total pie has hardly budged in decades. The truth is that a rising tide IS lifting all boats. Hyperbole is one thing, but facts are facts.